Samson O&G Reports Flowback Rate for Gene Well

Samson O&G provided operational advice on the Gene 1-22H frac and initial flowback.

Gene #1-22H (30.6% working interest)

Fracture stimulation operations at the Gene #1-22H well located in Williams County, North Dakota, have been successfully completed and flow back operations have been continuing since the last report. The oil rate over the last 24 hours (to 0800 hours CDT this morning) was 859 BOPD with a gas rate of 1,010 MCFD which is 1,027 BOEPD. The oil cut is 45%, which is, as expected, increasing as the frac fluid is recovered.

A further report will be made to the market when the oil cut has been stabilized.

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Brent Crude Oil : $51.46/BBL 0.61%
Light Crude Oil : $50.52/BBL 0.64%
Natural Gas : $2.83/MMBtu 5.35%
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